Our Team

Mark W. Watson

A professor of economics and public affairs at Princeton University, Mark Watson is a long-term consultant in the Research Department at the Federal Reserve Bank of Richmond.

Working Papers

May 2019, No. 19-11R

Aggregate Implications of Changing Sectoral Trends (Revised August 2019)

Andrew Foerster, Andreas Hornstein, Pierre-Daniel G. Sarte and Mark W. Watson

November 2008, No. 08-7

Sectoral vs. Aggregate Shocks: A Structural Factor Analysis of Industrial Production

Andrew Foerster, Pierre-Daniel G. Sarte and Mark W. Watson
Bank Publications

Economic Brief, November 2023, No. 23-37

What Does Sectoral Inflation Tell Us About the Aggregate Trend in Inflation?

The evolving behavior of sectoral inflation complicates focusing on aggregate trends.

Paul Ho and Mark W. Watson

Honoring Marvin Goodfriend, May 2022

The Implications of Optimal Prediction Formulae

Like many economists who came of age in the late 1970s and early 1980s, Marvin Goodfriend learned how models were affected by the assumption of rational expectations.

Mark W. Watson

Economic Quarterly, Spring 2007

How Accurate Are Real-Time Estimates of Output Trends and Gaps?

Mark W. Watson

Economic Quarterly, Summer 2003

How Did Leading Indicator Forecasts Perform During the 2001 Recession?

James H. Stock and Mark W. Watson

Economic Quarterly, Fall 1999

Explaining the Increased Variability in Long-Term Interest Rates

Mark W. Watson

Economic Quarterly, Summer 1997

Testing Long-Run Neutrality

Mark W. Watson and Robert G. King

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